Power Co. of Canada (TSE:POW) Price Target Raised to C$49.00 at TD Securities

Power Co. of Canada (TSE:POW) had its price objective hoisted by TD Securities from C$44.00 to C$49.00 in a report published on Thursday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

POW has been the topic of a number of other research reports. Desjardins boosted their price target on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Jefferies Financial Group reduced their price target on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Royal Bank of Canada upped their target price on Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. BMO Capital Markets increased their price target on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday. Finally, Scotiabank raised their target price on Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.39.

Power Co. of Canada Stock Down 0.5 %

Power Co. of Canada stock traded down C$0.23 during mid-day trading on Thursday, hitting C$45.36. 356,562 shares of the company’s stock were exchanged, compared to its average volume of 2,921,010. The stock has a 50 day moving average of C$43.59 and a two-hundred day moving average of C$40.54. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. Power Co. of Canada has a 1-year low of C$35.83 and a 1-year high of C$47.18. The stock has a market cap of C$26.87 billion, a P/E ratio of 10.38, a P/E/G ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last posted its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing the consensus estimate of C$1.14 by C($0.32). The company had revenue of C$5.29 billion for the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. As a group, analysts anticipate that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.